Solved

An Arrangement Where an Owner of Real Property Borrows Money

Question 34

Multiple Choice

An arrangement where an owner of real property borrows money from a lender and pledges the real property as collateral to secure the repayment of the loan is known as a(n) ________.


A) consignment
B) foreclosure
C) mortgage
D) assignment

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions